WLFI

Eric Trump, son of U.S. President Donald Trump, has acknowledged the rapid growth of USD1, the stablecoin backed by World Liberty Financial (WLFI). 
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In just two months, the dollar-pegged digital asset has reached a $2.1 billion market cap, making it the seventh-largest stablecoin in circulation. The stablecoin’s trajectory has gained attention for its speed and scale, positioning it ahead of several longstanding players in the crypto space.
Commenting on the achievement, Eric expressed pride in USD1’s impressive ascent in a post on X.

USD1 Climbs Market Ranks in Weeks
Following its formal launch in early April, USD1 moved swiftly from an initial supply of $3.5 million to a supply exceeding $2 billion by April 30.
According to data from BscScan, the stablecoin experienced a series of large mints throughout the period, with individual transactions ranging between $50 million and $99 million. These inflows reflect notable backing and growing utility for the asset across the Binance Smart Chain.
The overall stablecoin market holds a valuation of $245 billion, with Tether’s USDT leading at $149.7 billion and USDC at $60 billion. However, USD1 has already surpassed PayPal USD at $871 million, Tether Gold at $818 million, and First Digital USD at $1.5 billion.
This ascent places USD1 in a competitive tier within a tightly watched segment of the digital currency ecosystem.

World Liberty Financial has previously outlined that USD1 maintains full asset backing, supported through a mix of short-duration U.S. Treasury instruments, liquid cash holdings, and U.S. dollar-based reserves.
As part of its operational rollout, the firm also plans to distribute a limited amount of USD1 directly to WLFI token holders.
Confirmed Role in $2 Billion Binance Deal
Meanwhile, USD1 was selected as the official transaction medium for a $2 billion investment by Abu Dhabi-based MGX into Binance. This institutional deal, first announced by Binance in March 2025, marks the exchange’s first major institutional placement.
The identity of the stablecoin used was initially undisclosed. However, during the Token2049 conference in Dubai, WLFI co-founder Zach Witkoff confirmed USD1’s role in the transaction.
The confirmation of USD1 as the chosen stablecoin adds operational relevance to its recent market growth. The deal also provides the asset with exposure in a high-profile investment, reinforcing its functionality within large-scale financial transactions on global platforms.
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World Liberty Financial (WLFI), a crypto platform co-founded by members of Donald Trump’s family, has confirmed a test distribution of its USD1 stablecoin to current WLFI token holders. According to the project's official channels, this initiative is aimed at testing smart contract functionality in a live environment and engaging early supporters.

🔹 Snapshot Vote Passed With Overwhelming Approval
A governance vote to authorize the test distribution passed with more than 99% support, enabling WLFI to begin the process. The team stated that the distribution is meant to evaluate the technical infrastructure and introduce the USD1 stablecoin to the community.
The value and timing of the test distribution will depend on the number of eligible wallets and overall budget allocation. The team also reserves the right to suspend, adjust, or cancel the test airdrop at any time.

🔹 Partnerships With HTX Global and ListaDAO
WLFI recently announced that the USD1 stablecoin is now listed on HTX Global, with DeFi integrations via ListaDAO already underway. These include a USD1 vault and the use of USD1 as collateral within the lisUSD ecosystem.
WLFI co-founders Zach Witkoff and Eric Trump emphasized the project's commitment to creating a highly transparent and regulation-friendly stablecoin.

🔹 Regulators Remain Watchful
Despite WLFI’s public assurances, the project remains under political and regulatory scrutiny. Past concerns have been raised about token proceeds allegedly directed to entities linked to Donald Trump.
U.S. Senator Elizabeth Warren and Representative Maxine Waters have both voiced concerns about potential conflicts of interest, and have urged the SEC to review internal documentation related to WLFI.

📌 Summary:
🔹 WLFI announces a technical trial airdrop of USD1 to test smart contract infrastructure.

🔹 The project is collaborating with HTX Global and ListaDAO for broader DeFi integration.

🔹 Political scrutiny remains over transparency and institutional ties linked to Trump.

#TRUMP , #WLFI , #USD1 , #CryptoNewss , #defi

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